Common use of Alternative Transaction Clause in Contracts

Alternative Transaction. (a) If the Company concludes that it is necessary or desirable to proceed with another form of transaction (including a plan of arrangement under the Canada Business Corporations Act) whereby the Company sells all or substantially all of its assets, including potentially a sale to Related Parties as defined under applicable securities law and potentially including a compromise of all or certain of its liabilities (an “Alternative Transaction”), provided such Alternative Transaction does not have a material adverse impact on the Shareholder as compared to the Proposed Transactions, the Shareholder agrees to support the completion of such Alternative Transaction in the same manner as the Proposed Transactions and shall otherwise fulfill its covenants contained in this Agreement in respect of such Alternative Transaction.